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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.33

+5.2%

Nov 26 4:00 PM EST

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To: Don Green who wrote (17917)	9/7/1998 1:57:00 AM
From: PaulM	Read Replies (2) of 116770

If gold goes to 250, I will have made a little mistake. If it goes to $200, I will have made a much bigger mistake. In either case, I'd have to hold on for the longer term. It would historically unusual if the 18 year bear to which you referred never ended. I still believe ALL things go in cycles. Even gold (weak as it may look) and even the DOW (strong as it may have looked). P.S. I began investing in gold and gold stocks late last year. Before that, it was stocks and treasuries only. Physical gold is something I just buy and forget about. It's not a trade. It's a bet that in the end the DOOM scenario plays out. If you perceive the chance of that is zero, gold is probably not for you.

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